Recent theory has indicated how to emulate tunable models of quantum
magnetism with ultracold polar molecules. Here we show that present molecule
optical lattice experiments can accomplish three crucial goals for quantum
emulation, despite currently being well below unit filling and not quantum
degenerate. The first is to verify and benchmark the models proposed to
describe these systems. The second is to prepare correlated and possibly useful
states in well-understood regimes. The third is to explore many-body physics
inaccessible to existing theoretical techniques. Our proposal relies on a
non-equilibrium protocol that can be viewed either as Ramsey spectroscopy or an
interaction quench. It uses only routine experimental tools available in any
ultracold molecule experiment.